via bigleaguepolitics: President Donald Trump’s White House chief of staff Mick Mulvaney and Vice President Mike Pence reportedly said Saturday that Democrats led by Nancy Pelosi are blocking a bill to provide pay for the Coast Guard. Lack of pay for the Coast Guard — which does not exist under the Department of Defense, which is funded — … Read more
by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Venezuela Gold holdings at Bank of England Soar on Deutsche Deal, Sources Tell Reuters By Mayela Armas and Corina Pons Reuters Monday, January 21, 2019 https://www.reuters.com/article/venezuela-gold/venezuela-gold-holdings-i… CARACAS, Venezuela — Venezuela’s gold holdings at the Bank of England have jumped after the country closed out a gold swap deal with … Read more
by Jon Hall, Free Market Shooter Before the new year rang in, Democrat Elizabeth Warren announced a run for the 2020 Presidency. Although the mainstream media has labeled her as a candidate against Wall Street – much like they did with a certain someone else – it’s on the record that Warren has met with Wall Street CEOs and is incredibly wealthy herself – #69 … Read more
Donald J. Trump @realDonaldTrump Former FBI top lawyer James Baker just admitted involvement in Warrant and further admitted there were IRREGULARITIES in the way the Russia probe was handled. They relied heavily on the unverified Trump “Dossier” paid for by the DNC & Clinton Campaign, & funded through a… Donald J. Trump Donald J. Trump … Read more
BY JOHN MAULDIN The US and China are the world’s largest and second-largest economies. They are also entwined in so many ways that it’s hard to tell where one ends and the other starts. Some call it “Chimerica.” which is an apt description. But that’s not bad. International trade promotes peace and prosperity for all. It’s … Read more
What an insanely confusing time for investors – central banks are carrying out unprecedented interventions, governments have crushed any semblance of free markets, and entire countries have become “zombified” as a result. We have bubbles in stocks, real estate and bonds – with massive levels of corporate debt waiting like a time bomb. In this … Read more
by SP In this video interview, The Pathology of the Rich, and article from 2013, Lets Get This Class War Started, Hedges tell of a kind of psychopathology that emerges in the supper rich. The rich are different. The cocoon of wealth and privilege permits the rich to turn those around them into compliant workers, hangers-on, servants, … Read more
Fasten your seat-belts folks. It is time for an earnings recession! At least that is what the South Korean trade data tells us.. pic.twitter.com/N92qnxlvZL — Andreas Steno Larsen (@AndreasSteno) January 22, 2019 Half of investment grade debt is one downgrade away from junk pic.twitter.com/WJkmKbJXHx — The Long View (@HayekAndKeynes) January 21, 2019 Jefferies: "It should … Read more
by Daniel Carter We’re almost two years away from the next presidential election, but Democrats have already begun to jostle for the position of Trump’s number one adversary. Gabbard, Harris, Gillibrand, Warren and Castro have already announced their candidacy for president. O’Rourke, Biden, Sanders, Booker and others are anticipated to announce their candidacy soon. When … Read more
by Daniel Carter Since October of 2018, the price of oil has been absolutely crushed, down over 22 percent. At one point, the severity of the crash dropped the price of oil by over 45 percent. This steep drop in prices, which largely coincided with a big drop in stock prices, has many people worried … Read more
by Daniel Carter Political tensions are clearly getting out of control in the Western world. Whether it’s the topic of Trump, Brexit, the EU, Kavanaugh, taxes, Russia, Mueller, Syria, the wall, etc., people are becoming quicker to lose their minds. Logic, reason and truth have fallen by the wayside, while irrationality, rage and narrative dominate … Read more
by howmuch Lots of people make New Year’s resolutions to get their personal financial situation in order, and paying off credit card debt is usually a high priority. Credit card debt is at a $1 trillion. The combination of high borrowing limits, steep interest rates and late payment fees make it extremely difficult to get under … Read more
via financialpost: Last time ticket prices fell like this was in 2007, right before the recession almost nobody saw coming It is a fascinating anomaly that as the S&P 500, along with its global counterparts, has been off to the races this year, the one thing that hasn’t changed is the high (and rising) risk of … Read more
via rollingstone: October 4th, 2018, was a busy news day. The fight over Brett Kavanuagh’s Supreme Court nomination dominated the cycle. The Trump White House received a supplemental FBI report it said cleared its would-be nominee of wrongdoing. Retired Justice John Paul Stevens meanwhile said Kavanaugh was compromised enough that he was “unable to sit as a judge.” … Read more
via Zerohedge: The parade of weak bank earnings continued on Tuesday when UBS, one of the first major European banks to report, announced that it had missed analysts’ profit estimates (though it did record a rise in full-year profits) due to outflows from its key global wealth management division. Here’s a summary of its … Read more
via mishtalk: Corporate America is doing far better than most expected under Trump’s tax cuts. But the cuts didn’t pay for themselves. I am a firm believer the ideal corporate tax rate is zero. Yet I was against Trump’s tax cut. Why? I also believe in balanced budgets and I was certain the Tax cut would … Read more
via MarketWatch: When the leader of one of the biggest economies in the world gathers his chiefs for an economic pep talk, the rest of the world best listen up. At the top of the radar for investors returning to the action Tuesday, was a hush-hush meeting between Chinese President Xi Jinping and his Communist Party leaders, … Read more
via Zerohedge: The Pension Benefit Guaranty Corp (PBGC) said in a Friday press release that it believes Sears Holdings Corp’s “continuation of the plans is no longer possible” following the Company’s October bankruptcy, after it was revealed in a Friday filing that Chairman Eddie Lampert’s $5.2 billion rescue package does not include pension plans. PBGC, a government … Read more
via Bloomberg: If you’re looking for one of the worst ideas in contemporary banking, look no further than Germany. The mooted merger between Deutsche Bank AG and Commerzbank AG would make a mockery of any notion that EU governments are serious about ending the “too big to fail” problem. It would also turn back the clock on a … Read more
by QuantalyticsResearch US Stocks Yesterday’s release by China’s National Bureau of Statistics that shows China 4Q GDP slowing to 6.4% in CY2018 vs 6.8% in CY2017 has rekindled worries about a deceleration in global growth US stocks index future are dropping to start the week after yesterday’s MLK holiday with front-month Dow Jones minis –0.56%, … Read more